Full 104 page summary of Monetary Economics (ECS3701) Module Questions and Answers

when one part to a transaction knows more than another, the situation is one of - -asymmetric information -when people or firms that are worse than average risks are most likely to enter a contract that is offered to everyone, the problem is called - -adverse selection -a bank offers credit ca...

Which is the most effective solution when planning for retirement? - -Start as soon as possible to maximize savings -The marketing mix, also known as the Four Ps of Marketing, consists of product, price, promotion, and _[blank]_. - -Place -Which type of expense can change based on use or volum...

Financial markets promote economic efficiency by - -channeling funds from savers to investors. -The bond markets are important because they are - -the markets where interest rates are determined. -The interest rate on Baa (medium quality) corporate bonds is _____, on average, than other intere...

macroeconomics - -the study of the economy as a whole 1. economic growth 2. unemployment 3. inflation 4. monetary and fiscal policy -microeconomics - -the study of decision making by individuals and firms along with how the government influences those decisions Ex: 1. Disney raising their t...

inflation targeting - -a system in which the central bank attempts to achieve a certain rate of change in the overall price level within some period is referred to as -the taylor rule - -implies that the nominal federal funds rate should be increased if there is a positive output gap or a positiv...

What is the problem with using barter for transactions? What is the advantage of using money for transactions instead of barter? - -• Requires a double coincidence of wants • Money simplifies and increases the number of market transactions • Money promotes economic growth -What are the f...

What date/time are the Open Zoom Hel Hours for our class? - -Monday's & Wednesday's at 10am ET -The following are questions about Ordinance 2145 put in place by the Borough of State College. In all housing types, gathers of more than __ persons shall be prohibited. Any person found to have ...

What is the Business Cycle? - -Refers to the alternating periods of expansion and recession that the U.S. economy has experienced since at least the early nineteenth century. -What is a Business Cycle Expansion? - -A period during which total production and total employment are increasing. -Wh...

Which of the following is not one of the questions that all economies must answer? a. What to produce? b. how to produce? c. what price to produce at? d. none of the above - -c. what price to produce at? -Opportunity Costs are? a. Always present in any action b. The lost benefit of the best...

What economic concept was used as an example in the Concrete Examples video you were required to watch? Dual Coding means which of the following? - -scarcity Using both words and visuals while studying concepts. -Interleaving means you shouldn't study one idea for too long. Instead, you ...

The business cycle - -Alternating rises and declines in the Rea GDP -4 phases of the business cycle - -Peak Recession-more than 6 month (decline) Trough Expansion -The business cycles vary greatly in - -Duration intensityn -Causation - -changes in the levels of total spending ( majo...